TUI Group To Receive $2B Bridge Loan

aircraft
Credit: Boeing
Hanover, Germany-based TUI Group announced April 8 it has signed the contract with German state development bank KfW for a bridge loan of €1.8 billion ($1.96 billion) to cushion the effects of the COVID-19 pandemic until normal business operations can resume. On March 15, TUI temporarily suspended...
Kurt Hofmann

Kurt Hofmann has been writing on the airline industry for 25 years. He appears frequently on Austrian, Swiss and German television and broadcasting…

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